Three suspects aged between 25 and 39 are appeared in court on fraud and money laundering charges on Tuesday. A fourth suspect is cooperating with the investigating authorities.
Gauteng Hawks Spokesperson Ndivhuwo Mulamu said, “what we can confirm here is, as the president and minister of Cogta made an announcement that all the business companies can apply for the UIF fund for their employees.
According to our investigations, the suspects fraudulently entered their private banking details and manipulated the system.
Mulamu said almost R700,000 was funneled to the private accounts of the individuals.
Three of the suspected fraudsters appeared in court on Tuesday morning on charges of fraud and money laundering.
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Source: IOL
